Publications
In English:
"Interest Rates Across the World: Global, Regional, and Idiosyncratic Factors", with Jay C. Shambaugh. Journal of Banking & Finance, Forthcoming. Shambaugh-Zhou interest rate factors
"Commodity Terms of Trade Co-movement: Global and Regional Factors", with Tian Xia. Journal of International Money and Finance, Volume 139, 2023, 102944.
"Global Financial Conditions, Capital Flows and The Exchange Rate Regime in Emerging Market Economies", with Dong Lu and Jialin Liu. Journal of International Financial Markets, Institutions & Money, Volume 77, 2022, 101500
"Foreign Exchange Intervention and Monetary Policy Rules in a Managed Floating Regime: Evidence from China", with Dong Lu and Tian Xia, Applied Economics, Volume 54, 2022.
"Rare Disasters, Exchange Rates, and Macroeconomic Policy: Evidence from COVID-19", with Mei Yu, Jiahui Li and Qilin Qin. Economics Letters, Volume 209, 2021, 110099.
In Chinese:
“开放经济下的‘双支柱’调控稳定效应研究” (与芦东,周梓楠), 《金融研究》, 2019年第12期。
“资本管制、外汇储备和‘资本流动突然停止’” (与余湄,张堃), 《管理评论》, 2020年第11期。
“浮动汇率制能有效降低跨境资本流动波动吗?” (与芦东,刘家琳), 《国际金融研究》, 2021年第11期。
"Interest Rates Across the World: Global, Regional, and Idiosyncratic Factors", with Jay C. Shambaugh. Journal of Banking & Finance, Forthcoming. Shambaugh-Zhou interest rate factors
"Commodity Terms of Trade Co-movement: Global and Regional Factors", with Tian Xia. Journal of International Money and Finance, Volume 139, 2023, 102944.
"Global Financial Conditions, Capital Flows and The Exchange Rate Regime in Emerging Market Economies", with Dong Lu and Jialin Liu. Journal of International Financial Markets, Institutions & Money, Volume 77, 2022, 101500
"Foreign Exchange Intervention and Monetary Policy Rules in a Managed Floating Regime: Evidence from China", with Dong Lu and Tian Xia, Applied Economics, Volume 54, 2022.
"Rare Disasters, Exchange Rates, and Macroeconomic Policy: Evidence from COVID-19", with Mei Yu, Jiahui Li and Qilin Qin. Economics Letters, Volume 209, 2021, 110099.
In Chinese:
“开放经济下的‘双支柱’调控稳定效应研究” (与芦东,周梓楠), 《金融研究》, 2019年第12期。
“资本管制、外汇储备和‘资本流动突然停止’” (与余湄,张堃), 《管理评论》, 2020年第11期。
“浮动汇率制能有效降低跨境资本流动波动吗?” (与芦东,刘家琳), 《国际金融研究》, 2021年第11期。
Working Papers
"Commodity Terms of Trade level, Volatility, and Business Cycles ", with Tian Xia. (Reject and Resubmit)
"Financial Panics in a Small Open Economy", with Dong Lu and Chenxi Wang.
"Does U.S. Monetary Policy Affect the Connectedness of Global Financial Markets?", with Jiangze Bian, Mei Yu and Qilin Qin.
"Can Pure Information Shocks Explain the U.S. Exchange Rate Puzzle?", with Xinru Qiu.
"Effects of Monetary Policy in a Fixed Exchange Rate Regime: Tranquil and Turbulent States", with Jonathan Stroud.
"Monetary Policy Autonomy: Identification and Cross-Country Evidence"
"Financial Panics in a Small Open Economy", with Dong Lu and Chenxi Wang.
"Does U.S. Monetary Policy Affect the Connectedness of Global Financial Markets?", with Jiangze Bian, Mei Yu and Qilin Qin.
"Can Pure Information Shocks Explain the U.S. Exchange Rate Puzzle?", with Xinru Qiu.
"Effects of Monetary Policy in a Fixed Exchange Rate Regime: Tranquil and Turbulent States", with Jonathan Stroud.
"Monetary Policy Autonomy: Identification and Cross-Country Evidence"
Selected Work in Progress
"U.S. Monetary Policy and Global Yield Curves", with Yang Han